Prospects and objectives

ASPIS BANK's performance and activities to date, as well as the strengthening of its position in the Greek market, have laid the foundations for the Bank's future growth. The objectives set for 2004 include further inroads in the Greek market and are based on the already established keystone strategies that are summarized as follows:

1.  Expansion of the Bank's Branch Network to secure the presence of ASPIS BANK in all major urban and semi-urban centres nationwide.

2.  Investments in advanced technology and enhanced human resources to reduce operating costs and allow staff members to concentrate on high value added operations, as well as providing constantly improving customer services.

3.  Development of new products to meet market requirements and take advantage of opportunities offered by international capital markets and new technologies.

4.  Continuing the capitalization of synergies among ASPIS Group members to further support and strengthen cross selling.

5.  Expanding revenue sources by extending operations into sectors where the Bank has maintained a limited presence in the past. Specifically,  ASPIS BANÊ recently established a Shipping Finance Department and is already developing and strengthening its position in the asset management sector in cooperation with ABN AMRO.